Sure, here's my second trade and my thought process in taking it. Trade 2: [ATTACH] tIP BOT +1 BUTTERFLY SPX 100 (Weeklys) 17 JAN 20...
Trade 1 closed: tIP SOLD -1 BUTTERFLY SPX 100 (Weeklys) 10 JAN 20 3265/3280/3295 CALL @5.30 CBOE [ATTACH] +$330 Profit - $4.14 Commission...
Or you can just sell the CSP in the money or DITM. It just needs to have extrinsic value.
Well sure but you can say that about any investment. Anything you buy could tank the next day. Selling a cash secured put and getting assigned is...
I frequently trade cash secured puts on high yielding funds that I want to own in my IRA. The return is low on the less volatile funds, but I’m...
I definitely wouldn’t quit trading, if anything I’d throw a mil or two in my trading account just to make things spicy. I’d put maybe 10% of it in...
This 100%. Set aside a few grand that you're 100% willing to lose. 5K is plenty to start and risk no more than $100-$200 per trade. Only up your...
To start, learn vertical debit spreads. Its the backbone of almost any advanced spread such as butterflies, condors, and backratios. A good...
The easiest way to quantify the consistencies or inconsistencies for me is by visualizing it. In this screenshot, the middle row shows implied...
The market's pricing is almost never exactly correct. It can be very efficient where most of the time actual movement is very close to what's...
Trading options is more about inefficiencies in probabilities. You're looking for something that is consistently over priced or under priced....
I'd like to see your journal. Link?
My theory is when markets are doing their thing, they're seeking those "assholes" to do something interesting as a catalyst for the next...
Create a watchlist for futures markets and watch them in the overnight session. You'll quickly realize that the market almost never stops moving....
An ATM debit spread is the best IMO if you plan to hold the trade close to expiration. If you want to be able to exit any time look for an ITM...
Good luck to you! I'll be following along your journey.
Trade 1: tIP BOT +1 BUTTERFLY SPX 100 (Weeklys) 10 JAN 20 3265/3280/3295 CALL @2.00 CBOE Starting Balance: $1001.75 Current Balance: $1001.75...
When it comes to trading you want to be the smallest fish in the biggest pond. Markets are driven by algos and massive trading firms who trade...
Whether or not you feel it’s deserved is irrelevant. US nuked a big shot. US basically said, “Yea we did it, now don’t try anything funny”. Iran...
Stop loss set to 3248. If I don't get stopped out I'll likely hold this as a runner into tomorrows trading session.
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